Home is not renting!

[Bruno Torres]

Hi everyone,

I was renting my previous home for about 2 years until the tenants left on dec 22nd. I have been showing the house since the beginning of November and i've shown it to about 50 people so far, I've had 0 applications.

My house is priced at the higher end and this is because i have very little cash flow The advantage of being a landlord is the equity that i'm building by covering property tax, insurance and mortgage with the rent price. However, i've reduced the rent price for $200 and i should cash flow $100 a month.This will barely covers an appliance breaking.

As of now, i think it's unlikely that i'll have a tenant move in until March 1st, i'm taking money from my main home's emergency fund and i started to seriously consider selling the home now. Things that i've noticed:

* the north oakland area (where my home is located) may have lost its attractiveness (car break-ins, crazy people, etc)

* there are a lot new condo constructions that are offering crazy specials, a friend had his property (a condo) vacant for 3 months.

I dont know how to analyze the situation , there are a couple of options:

1) Suck it up until April, wait until someone rents in may

2) Sell the home - i dont have high hopes, the home had a redfin estimate of 1.4 mill at some point, it now has an estimate of 1.1 mill, but i dont think i'll get more than 1 mill if i'm lucky.

Are there tips to increase the home attractiveness? i've listed on zillow and people are coming, they are just not applying.